The crypto market has posted sharp gains across Bitcoin and several major altcoins, but Cryptex Finance data covering 36 assets and roughly 92% of the digital asset market shows that capital remains heavily concentrated in Bitcoin and Ethereum despite prices rising across the market.
Summary
- Cryptex’s 36-asset index gained just 1.92% over the trailing seven days, even as several major cryptocurrencies posted much larger gains from their recent lows.
- Joe Sticco said low price dispersion suggests cryptocurrencies are moving together rather than investors rotating capital between assets and sectors.
- Sticco said roughly nine out of every ten dollars entering regulated crypto…
